7 Mar 2002
RAND CO. LTD. v. THE DIRECTOR OF LANDS
- Citation
- RAND CO. LTD. v. THE DIRECTOR OF LANDS
- Court
- Lands Tribunal
- Case number
- LDLR7/2001
Tribunal rejected Reduced Zoning method for these resumed shops and applied the traditional direct comparison method on unit saleable area with specific adjustments for location, size, frontage, headroom and time; preferred Respondent's on-site measurements and comparables where disputes existed; computed open market values as at 10 March 2000 on a subject-to-tenancy basis and ordered payment of compensation accordingly.